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News@lemmy.world • 6 months ago

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

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Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

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News@lemmy.world • 6 months ago

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

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@ShepherdPie@midwest.social
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1•6 months ago
Whenever I see a restaurant or other small business doing this, I always assume it’s to hide revenue and avoid taxes.
- @girthero@lemmy.world
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  1•6 months ago
  In the past I thought the same, but combined with recent inflation I can see why restaurants want to pass on a discount to the consumer.

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